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Dividend-paying stocks are a viable investment option for earning passive income. Additionally, stocks that offer monthly cash appear attractive as they supplement your income while helping to meet expenses. Thankfully, the TSX has several fundamentally strong companies that offer monthly payouts, providing investors an opportunity to diversify their investments and earn a steady passive income.
With that background, let’s look at three Canadian stocks that pay monthly cash.
SmartCentres Real Estate Investment Trust
Investors seeking monthly income with a high yield could consider adding SmartCentres Real Estate Investment Trust (TSX:SRU.UN) to their portfolio. This REIT (real estate investment trust) has a resilient portfolio that generates strong same-property net operating income to cover its payouts. Further, it has a solid track record of consistently returning cash to its shareholders.
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